Monthly Archives: July 2013

Scrubs

Posted on July 25, 2013 by Lisa W. Hull

My daughter, Rachel, is starting dental hygiene school in August.  When she was ordering her scrubs, the teacher told the class to save their receipts because the expenses were tax deductible.  Amateur tax advisors, the bane of tax professionals, they … Continue reading →

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IRS Furlough Day

Posted on July 21, 2013 by Lisa W. Hull

The IRS announced last week they would not observe the originally scheduled July 22, 2013 furlough day.  Good news for me, since I just e-filed my own return a few hours ago! When the IRS is on a furlough, e-files … Continue reading →

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Summer 2013

Posted on July 15, 2013 by Lisa W. Hull

For the past five or so years, I have spent my summers teaching night classes for Central Texas College.  This was in addition to my regular day job at the bank as well as working on tax returns, financial reports … Continue reading →

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Social Security Wage Base

Posted on July 9, 2013 by Lisa W. Hull

The Social Security Administration has projected an increase in the Social Security wage base for 2014.  The wage base is the amount up to which employees and employers are required to withhold 6.2% for Old Age, Survivors and Disability Insurance … Continue reading →

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Domestic Production Activities Deduction

Posted on July 3, 2013 by Lisa W. Hull

In 2004, Congress added Section 199, the domestic production activities deduction, to the Internal Revenue Code.  The deduction was intended to reduce the effective corporate tax rates and support the domestic manufacturing sector of the economy.  The tax code allows … Continue reading →

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